Austrade has published an article highlighting Hitachi's announcement to invest A$1.25 billion in Australia.
In a recent Social Innovation Forum held in Brisbane, Hitachi announced that they have committed A$1.25 billion to ‘social innovation’ projects in Australia to the year 2020.
Social innovation, according to Hitachi, is “using innovative technologies and business solutions to address the key trends and challenges facing society”.
Hitachi has already invested A$875 million in 2016-2017, most of which were allocated to developing mining technology. The innovations developed in Australia would then be exported globally.
This year, Hitachi increased its Australian employment force to 3, 650.
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